License: Real Property Appraiser

Nebraska Real Property Appraiser Board external site

P.O. Box 94963

Lincoln, NE 68509

(402) 247-9015

<h3>Occupational Description</h3><br>Real Property Appraisers develop an analysis, opinion, or conclusion relating to the specified interests in or aspects of identified real estate or identified real property. Real property appraisal includes, but is not limited to, evaluation assignments, valuation assignments, and appraisal review assignments. There are currently four levels of credentialing: . Certified General Real Property Appraiser - May perform appraisals of all types of real property without regard to type or value. . Certified Residential Real Property Appraiser - May perform appraisals of residential property having 1-4 units, without regard to transaction value or property complexity. . Licensed Residential Real Property Appraiser - May perform appraisals of non-complex residential property having 1-4 units with a transaction value less than $1,000,000, and complex residential property having 1-4 units with a transaction value less than $400,000. . Trainee Real Property Appraiser - May participate in the appraisal of those properties within the authorized scope of practice of the supervising certified real property appraiser. <br><h3>Licensure Requirements</h3><br>Certified General Real Property Appraiser- Education Prerequisites: 1. A bachelor’s degree or higher from an accredited degree-awarding college or university; 2. 300 hours qualifying education approved by the Board. Alternatively, a degree in Real Estate from an accredited degree-awarding college or university that has had all of part of its curriculum approved by the Appraiser Qualifications Board as required core curriculum may fulfill most of the qualifying education required. Experience Prerequisites: 1. 3,000 hours of experience obtained in no fewer than 18 months, of which 1,500 hours must be in nonresidential appraisal work. 2. Pass the required examination. Certified Residential Real Property Appraiser- Education Prerequisites: 1. Either: A. An associate's degree or higher from an accredited degree-awarding community college, college, or university; -OR- B. successful completion of 30 semester hours of college-level education, from an accredited degree-awarding community college, college, or university. If an accredited degree-awarding community college, college, or university accepts the College-Level Examination Program and examinations and issues a transcript for the examination showing its approval, it will be considered as credit for the college course. -OR- C. Have held a credential as a licensed residential real property appraiser for a minimum of five years and not have been subject to a nonappealable disciplinary action by the board or any other jurisdiction, which action limited the real property appraiser's legal eligibility to engage in real property appraisal practice within five years immediately preceding the date of application for the certified residential real property appraiser credential. 2. 200 hours qualifying education approved by the Board. Alternatively, a degree in Real Estate from an accredited degree-awarding college or university that has had all of part of its curriculum approved by the Appraiser Qualifications Board as required core curriculum may fulfill most of the qualifying education required. Experience Prerequisites: 1. 1,500 hours of experience obtained in no fewer than 12 months. 2. Pass the required examination. Licensed Residential Real Property Appraiser- Education Prerequisites: 1. High school diploma or a certificate of high school equivalency or education acceptable to the Board. 2. 150 hours qualifying education approved by the Board. Alternatively, a degree in Real Estate from an accredited degree-awarding college or university that has had all of part of its curriculum approved by the Appraiser Qualifications Board as required core curriculum may fulfill most of the qualifying education required. Experience Prerequisites: 1. 1,000 hours of experience obtained in no fewer than 6 months. 2. Pass the required examination. Trainee Real Property Appraiser- Education Prerequisites: 1. High school diploma or a certificate of high school equivalency or education acceptable to the Board. 2. 77-82 hours qualifying education approved by the Board. Alternatively, a degree in Real Estate from an accredited degree-awarding college or university that has had all of part of its curriculum approved by the Appraiser Qualifications Board as required core curriculum may fulfill most of the qualifying education required. Experience Prerequisites: None.<br><h3>Fees</h3><br>Application Fee - $150.00 Criminal History Record Check Fee - $45.25 New Credentials - $300.00 Credentialing Fee + $40.00 Federal Registry Fee for Certified General, Certified Residential, and Licensed Residential Real Property Appraisers<br><h3>Renewal</h3><br>Credential period begins on January 1 and expires on December 31 of the year in which it is issued. The renewal application must be filed on or before November 30. Credentials may be renewed for one or two years at a time. Certified General, Certified Residential, and Licensed Real Property Appraisers must pay the following fees to renew their credential: . Renewal Fee - $275.00 per year . Federal Registry Fee - $40.00 per year . Fingerprint Audit Program Fee - $5.00 per year Trainee Real Property Appraisers pay only a fingerprint audit program fee of $10.00 for a two-year renewal. Late renewal fees start on December 1 at a rate of $25.00 per month, including December. Renewals can be submitted until June 30 of the following year. Credential holders who fail to renew by the June 30 deadline must begin the process of application over as if applying for the first time. Twenty-eight hours of approved continuing education activities must be completed during each two-year continuing education period for any credential holder to qualify for renewal.